Basics: Interest Rates, Terms, Points & Fees
Interest rates, terms, points & fees for hard money loans:
 
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Interest rates vary between 8.00%* and 18.00%*, depending on the investor, borrower qualifications, loan amount and purpose, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law; state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Terms vary between 90-days and 30 years, mostly interest-only (some amortizing loans), depending on the investor, borrower qualifications, loan amount and purpose, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law; state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Points: 2 to 10 points charged, depending on the investor, loan amount and purpose, borrower qualifications, property type, location, lien position, term, prepay period (if any) and any applicable state and federal law; state and federal regulations for Section 32, AB489, and any/all other federal and state-level predatory lending regulations.
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Fees: processing, underwriting, title insurance, escrow, doc prep, recording, wire transfer, title messenger, survey, and other fees also apply when applicable. Appraisal fee, where required, is prepaid by borrower C.O.D. at the time of service.

*Indicates the Note rate, not APR. APR will vary based on total finance charges, term, and state law where applicable.

What is Hard Money?
History
General Use
Credit
Qualifying
Typical Loan Scenarios
Considerations
Rates, Terms, Points & Fees
Urban Legend
 
   

   
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INTEREST RATES CAN CHANGE WITHOUT NOTICE. ASK US FOR CURRENT RATE INFORMATION. BORROWERS AND PROPERTIES MUST QUALIFY. CONDITIONS AND RESTRICTIONS MAY APPLY. Loan programs, amounts, rates and terms are subject to change without notice. Loan approval is not guaranteed and all loan applications are subject to verification of acceptable credit, income, employment, lien position and value of collateral in the sole discretion of Hanover Mortgage Company. Flood and/or property hazard insurance may be required. Additional fees, conditions, restrictions and limitations may apply. Not all programs are available in all areas. The interest rate for adjustable rate mortgage loans is subject to increase. Please contact Hanover Mortgage Company to determine your eligibility for a specific loan product. Hanover Mortgage is a Mortgage Broker. Mortgage Broker fees will apply unless stated otherwise. California Department of Real Estate, real estate broker license number 00428961. Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. "Hanover Mortgage does not offer financing for those transactions defined as ‘Covered Loans’ or ‘High Cost loans’ in any state or federal law." All Rights Reserved.